New York State leads the nation in the tax burden its citizens bear. According to the latest report from the Tax Foundation, a nonpartisan tax research group, the total state and local tax burden in 2010 was 12.77 percent of per capita income. The average tax burden in the United States was 9.86 percent. Included in the report, the Tax Foundation published a chart stretching back to 1977 that shows New York led the nation in every year except for 1984 when it was second.
Of all the questions I get, this is probably the one I am asked most often: “So, how is the real estate market?” While the questioner, or someone they know, may be selling or buying a property, the question they might actually be asking is, “how will my business be affected by the real estate market?”
We are now more than six months through the year and it is time to look at how residential real estate in the tri-county area, made up of Jefferson, Lewis and St. Lawrence counties, has fared in the first half of the year and compare that to the state and national picture.
One of the questions people ask when they decide to buy or sell a property is, “Why should I use a Realtor?” In other words, what value does a Realtor bring to a transaction?